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Your money is secured with Credit Unions - GHACUM

The Ghana Association of Credit Union Managers (GHACUM) has call on Ghanaians not to hesitate in doing business with Credit Unions since it is the only financial institution that has secured and manage the finance of its customers over the years without any hindrance.

Date Created : 7/23/2019 5:12:55 AM : Story Author : William Dei-Gyau/Ghanadistricts.com

This was captured in the opening statement of the Ashanti Regional Representative of the Association at the just ended 2019 conference of the Northern Ghana Chapter of the Association held at Bekwai in the Ashanti Region.

The conference held on the themed "Rebranding and digitalization of Credit Unions for sustainability, growth in the Northern Ghana" was supported by Dalex Finance, Teksol and Micro Watch.

It aimed at building the capacity of its members to bring a period of change for credit unions within the country to make significant impact in Ghana’s micro economic sector.

The training took the managers through series of topics such as how to treat costumers, branding yourself to suit the customers when rendering a service and advance use of social media in the financial sector.

Mr James Sarfo Gyamfi mentioned that, Credit Unions which have been in existence and operating for over five decades have witnessed nothing like defrauding of customers and other challenges facing Ghanaians in other financial institution.

"Credit Unions are unique to the extent that, when Bank of Ghana was collapsing both Banks and Micro Finances, Credit unions were not included because they registered under Credit Union Association (CUA) and it is a body that regulates all credit unions".

He stressed that "they are the type of financial institution where customers become members of the institution as soon as they are through with their registration and then open an account with any of our branches, you then start benefiting from our dividend, interest rate yearly among other benefits".

He entreats all Ghanaians to join to avoid financial crisis that others are facing.